Alphabet has reached an agreement to settle the antitrust complaint brought forth by Match, which alleged that Google Play’s policies were unlawful and posed a threat to billions of dollars in revenue generated by the app marketplace.
According to Bloomberg, the agreement was disclosed in a court filing on Tuesday, although specific terms and financial details of the settlement remain confidential.
Lawyers representing both Match Group and Google jointly informed US District Judge James Donato of their decision to drop all claims and counterclaims against each other.
This mutual resolution comes just in time, as a trial had been scheduled for November 6 in the San Francisco federal court.
The antitrust complaint, which was originally filed by Match Group Inc., raised concerns about Google Play’s policies and their potential impact on the revenue generated by the app marketplace. While the exact terms of the settlement remain undisclosed, this development indicates a step towards resolving the legal dispute between these two tech giants.
Alphabet, the parent company of Google, and Match Group Inc. have opted for an out-of-court settlement, thereby avoiding a protracted legal battle. The resolution of this case will be closely watched, as it addresses significant concerns regarding antitrust issues in the tech industry.